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Nicole Aufiero
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Decks in this class (22)
01 General-Purpose Financial Reporting: For-Profit Business Entities
How is owner s equity presented o...,
How are liabilities presented on ...,
How are assets presented on the b...
70
cards
02 General-Purpose Financial Reporting: Nongovernmental Not-for-Profit Entities
List the three financial statemen...,
What authoritative body has juris...,
List the four broad categories of...
18
cards
03 State and local government concepts
List the five types of government...,
List the two types of proprietary...,
What is the measurement focus bas...
13
cards
04 Public company reporting
Does the securities and exchange ...,
Does the securities and exchange ...,
What does the securities and exch...
20
cards
05 Special purpose frameworks
Describe a modified cash basis of...,
What is a special purpose financi...,
List examples of acceptable names...
11
cards
06 Financial Statement Ratios and Performance Metrics
What do profitability ratios measure,
List the price to earnings ratio ...,
List the owner s equity ratio for...
16
cards
07 Cash and cash equivalents
List the items included in cash,
List the items that are not inclu...,
Describe bank overdraft rules
10
cards
08 Trade receivables
What is the preferred method of a...,
Describe the direct write off met...,
Describe the allowance method of ...
21
cards
09 Inventory
List the formula to arrive at net...,
What is the basic inventory equation,
If beginning inventory is underst...
28
cards
10 PP&E
What depreciation method does not...,
List the non accelerated methods ...,
Define book value
31
cards
11 Investments
List the guidelines for determini...,
Equity investments can be carried...,
Where on the financial statements...
24
cards
12 Intangible Assets
What are intangible assets,
What method is used to amortize i...,
What costs can be capitalized to ...
10
cards
13 Payables and Accrued Liabilities
What payroll taxes are paid in eq...,
What payroll taxes are paid only ...,
What are current liabilities
21
cards
14 Debt (financial liabilities)
What is the classification of a l...,
List some examples of specific at...,
Give an example of a response by ...
44
cards
15 Equity
How is basic earnings per share c...,
What is often used to convey pree...,
List the types of common stock ri...
44
cards
16 Accounting Changes and Error Corrections
If an inventory error is discover...,
If an inventory error is discover...,
What accounting change is often i...
29
cards
17 Contingencies & Commitments
Describe the accounting treatment...,
Describe the accounting treatment...,
Describe the accounting treatment...
12
cards
18 Revenue Recognition
List the five steps of revenue re...,
When are costs to fulfill a contr...,
When a contract modification does...
24
cards
19 Accounting for Income Taxes
List the formula for computing th...,
When is a valuation allowance cre...,
Compute the ending valuation allo...
40
cards
20 Fair Value Measurements
What are the three levels of the ...,
What are the special disclosures ...,
For purposes of the fair value de...
14
cards
21 Lessee Accounting
From a seller lessee s perspectiv...,
In accounting for an operating le...,
How is depreciation recorded by t...
14
cards
22 Subsequent Events
What are the two categories of su...,
How do you account for a type i s...,
How do you account for a type ii ...
10
cards
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